Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union
Lessons from the Endogenous Money Approach
Inbunden, Engelska, 2004
Av S. Dullien
1 419 kr
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Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of co-operation between unions and monetary authorities: In an economy with endogenous money as EMU, wage setters are responsible for price stability while the central bank is responsible for the level of output. Co-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable to assure cooperation.
Produktinformation
- Utgivningsdatum2004-10-11
- Mått140 x 216 x 22 mm
- Vikt476 g
- SpråkEngelska
- Antal sidor276
- Upplaga2004
- FörlagPalgrave USA
- EAN9781403941510
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